New York, Jan 11, 2019, SPA -- Wall Street ended little changed on Friday, taking a breather following a five-day winning streak, while the dollar rebounded against most currencies from earlier losses tied to expectations the U.S. central bank is in no hurry to raise interest rates.
Earlier weakness in stocks and data showing a decline in U.S. consumer prices in December stoked investor appetite for Treasuries, pushing their yields lower.
Stocks have rallied this week, helped by promises of patience from the Federal Reserve, the ECB mulling more cheap money, and progress in trade talks between Washington and Beijing.
Earlier Friday, U.S. stocks retreated as investors booked profits and reset positions ahead of the earnings season.
The initial pause came in the wake of a strong start to 2019, which lifted the S&P 500 by more than 10 percent from a 20-month low it touched around Christmas.
With big U.S. banks kicking off the fourth-quarter reporting season next week, investors will comb through earnings reports and projections for signs of a slowdown in economic growth.
The Dow Jones Industrial Average fell 5.97 points, or 0.02 percent, to 23,995.95, the S&P 500 lost 0.38 point, or 0.01 percent, to 2,596.26 and the Nasdaq Composite dropped 14.59 points, or 0.21 percent, to 6,971.48.
For the week, the Dow rose 2.4 percent, the S&P 500 added 2.54 percent and the Nasdaq gained 3.45 percent.
--More
02:29 LOCAL TIME 23:29 GMT
0014

Related Post

We know the importance of social media and that can be seen through coming across our strong presence on different social media websites.
Monthly Archives